Zaio Corporation

Zaio Corporation

September 07, 2011 07:30 ET

Zaio Corporation Brings 3.3 Million New Properties Online in 60 Days

CALGARY, ALBERTA--(Marketwire - Sept. 7, 2011) - Zaio Corporation (CNSX:ZAO) (the "Company"), today announced that as at August 31, 2011, the company had compiled Marketable Property Appraisal Data on more than 4 million individual residential properties in the Company's US database. This represents the addition of Marketable Property Appraisal Data on more than 3.3 million properties over the last 60 days for a five-fold increase from the 629,000 properties registered in the database as at the end of June 2011.

Zaio defines Marketable Property Appraisal Data as a complete digital file of current valuation information on an individual residential property that has been compiled in Zaio's database and has been verified by a local certified appraiser as compliant with the requirements to deliver online, on demand appraisal reports to the Company's customers.

"I am very pleased with the progress that we have made over the last 60 days in accelerating the rate at which residential property appraisal information is being documented by our US licensee, Zone Data Systems LLC (ZDS) and ingested into Zaio's US database," said David King, Zaio's President and CEO. "With data on more than four million properties now ready for use in the production of appraisal reports, early returns from our sales efforts in the markets represented by this data indicate that the rate of customer trial and adoption is also beginning to accelerate."

In the third quarter of 2011, Zaio and ZDS launched the "Quick Start" program in twelve regional markets across the US to bring the volume of Marketable Property Appraisal Data in these markets up to a level of data concentration that enables customer adoption of the Company's various online real-time certified residential property appraisal products.

"In a number of markets across the US, for the first time our local sales representatives are now able to demonstrate the power and efficiency of Zaio's suite of appraisal products to local customers using local market data" added Randy Kass, Chairman of the Management Committee of Zone Data Systems LLC, Zaio's exclusive US licensee. "Bringing the data closer to home is allowing us to broaden our opportunities and increase customer adoption in these markets."

For further information visit

About Zaio Corporation

Zaio provides customers in the property valuation, underwriting and lending industries with real-time access to certified appraisal reports from the Company's proprietary database of proactively maintained residential property valuations prepared by licensed appraisers across the United States. The Company's products are available in the United States through its Licensee, Zone Data Systems LLC.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.

The Company believes that the expectations reflected in this news release are reasonable but actual results may be affected by a variety of variables and may be materially different from the results or events predicted in the forward-looking statements. Readers are therefore cautioned not to place undue reliance on these forward-looking statements.

In evaluating forward-looking statements readers should consider the risk factors which could cause actual results or events to differ materially from those indicated by such forward-looking statements. These forward-looking statements are made as of the date hereof, and unless otherwise required by applicable securities laws, the Company does not intend nor does it undertake any obligation to update or revise any forward-looking statements.

Neither CNSX nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Zaio Corporation
    David King
    President & CEO
    (877) 318-0537

    Genoa Management Ltd.
    John Sadler
    (416) 594-9292